Other than due to Death Sample Clauses

The "Other than due to Death" clause serves to distinguish between events or actions that occur for reasons unrelated to the death of a party. In practice, this clause is often used in contracts to clarify that certain rights, obligations, or consequences—such as termination, payment, or succession—are triggered by circumstances other than the death of an individual involved. By making this distinction, the clause ensures that the contract addresses non-death scenarios separately, thereby preventing confusion and ensuring that the parties understand how the agreement operates in various situations.
Other than due to Death. If Optionee’s Employment is terminated for any reason other than due to his death pursuant to Section 9(ii) below, then (a) the non-vested portion of the Option shall immediately expire on the termination of Employment date and (b) the vested portion of the Option shall expire to the extent not exercised within 90 days from the date of such termination of Employment. In no event may the Option be exercised after the earlier of (A) the expiration of the Option Period or (B) 90 days from the date of such termination even if Optionee becomes deceased during such period.
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Other than due to Death. If Optionee’s service as a director of the Company is terminated for any reason other than due to his death pursuant to Section 9(b) below, then (i) the non-vested portion of the Option shall immediately expire on the termination date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 days from the date of such termination of directorship. In no event may the Option be exercised after the earlier of (i) the expiration of the Option Period or (ii) 90 days from the date of such termination even if Optionee becomes deceased during such period.
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Related to Other than due to Death

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

  • Termination of Employment Due to Death The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.